Page 1252 - Economy & Policy News

Credit grows by 6.47 % on YoY basis to Rs 110.3 trillion in early October

So far this year, the growth in the major banking indicators has been mixed. Growth in deposits has slowed down

Recent coal crisis opens doors for govts to micro-manage the market

Union power ministry in August decided to limit the stock holding to 15 days, which implied it wanted power plants to stock the bare minimum of what CEA advises

Vaccine makers meet WTO D-G, flag excess capacity of Covid-19 jabs

Some manufacturers also said that the regulatory approval framework for Covid-19 vaccines in other nations also takes a substantial amount of time

Performance of high frequency indicators moderated in September: ICRA

The YoY performance of 14 of the 15 high frequency indicators (except non-food bank credit) worsened in September compared to August this year, ICRA said.

Cabinet Committee okays Gati Shakti, top govt panel to monitor progress

There will be a three-tier system for monitoring: empowered group of secretaries (EGoS), network planning group (NPG) as well as a technical support unit (TSU)

Predictable climate finance in focus for India at COP26 summit

"Since 2017, we have had more renewable energy in the energy mix in India than fossil fuels", says Harsh Shringla, Foreign Secretary

All indicators pointing towards sharp economic recovery: Goyal

All indicators, including GDP, foreign direct investment (FDI) inflows and exports growth, are pointing towards a clear and sharp economic recovery in the country, Piyush Goyal said on Thursday

India's trade deficit with China widening continuously: Foreign secretary

With a deficit at $47 billion in the first nine months of this year, it the largest deficit India has with any country

Delhi govt asks HoDs to ensure contractual employees get festive bonus

The Delhi government has asked the heads of all departments under it to ensure contractual or outsourced workers are paid bonus by their contractors during the ongoing festive season, officials said

Online building permission system in all cities by March next year

The online building permission system will be implemented across all cities by March next year from about 2,500 cities currently to facilitate ease of doing business in the real estate sector

Indian economy to see 10.5% or higher growth this fiscal: Niti Aayog VC

Indian economy is expected to grow 10.5% or more in the current fiscal, Niti Aayog Vice Chairman Rajiv Kumar said on Thursday

Coal shortage: 59 thermal power plants have less than 4 days of fuel stocks

Coal shortage at thermal power plants is lingering on, with 59 non-pit head projects having the dry fuel stocks for less than four days as on Wednesday, according to official data

New recurring payment norms: 20 days later, people still face disruptions

Many banks, merchants not fully compliant yet despite extension of deadline

Union Cabinet approves PM GatiShakti National Master Plan

The Union Cabinet on Thursday approved PM GatiShakti National Master Plan, including implementation, monitoring and support mechanism, for providing multi-modal connectivity.

Centre approves 3% Dearness Allowance hike for central govt employees

After this hike, the DA will increase to 31%; the move will benefit 4.7 mn employees and 6.8 mn pensioners

35,000 high net worth entrepreneurs left India under Modi govt: Bengal FM

He wondered whether this was due to "fear psychosis", and demanded that PM Modi must place a white paper in parliament on "massive flight of Indian entrepreneurs during his regime"

Soaring prices dampen consumer mood in India's festival season

Pump prices of petrol and diesel are up nearly 35% from a year ago and cooking gas by more than 50%, severely hitting more than three-quarters of households, economists said

Power Secretary stresses on fuel reserves to deal with supply shocks

Union Power Secretary Alok Kumar on Thursday stressed on the need to have strategic fuel reserves to insulate the nation from supply shocks for at least a month

India considering strategic reserves for natural gas, imported coal

India is considering maintaining strategic reserves of natural gas and imported coal to address future supply shocks

Amitabh Bachchan, pan masala, and the noise around surrogate ads in India

Surrogate ads of liquor and tobacco products have been banned in India since 1995. But we still see celebrities indirectly promoting such products. What's the regulation, and where are the loopholes?